Tax Facts
Automobile Amounts
| 2005 | 2006 | 2007 | ||
| Maximum capital cost (plus GST and PST) | $ 30,000 | $ 30,000 | $ 30,000 | |
| Maximum lease payment (plus GST and PST) | 800 | 800 | 800 | |
| Interest expense (per 30 day period) | 300 | 300 | 300 | |
| Maximum deductible allowances | ||||
| First 5,000 km | 45¢/km | 50¢/km | 50¢/km | |
| Over 5,000 km | 39¢/km | 44¢/km | 44¢/km | |
| Operating benefit | 20¢/km | 22¢/km | 22¢/km | |
| Salespersons | 22¢/km | 19¢/km | 19¢/km | |